Childcarevouchers.net

Childcare Vouchers - Savings Calculator

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Parents

Our calculator will provide you with an indication of the potential savings you could make (as an employee) by joining an employer operated Childcare Voucher Scheme and paying for your childcare using Childcare Vouchers.

If your employer does not provide a Childcare Voucher Scheme ask them to browse our Employers Guide to Childcare Vouchers to see the benefits available to both employers and employees.

Voucher Limits

The amount of vouchers you are allowed to receive will vary depending on whether you are a Basic, Higher or Additional Rate taxpayer. The following voucher limits now apply:

• Basic Rate Taxpayers (i.e. earning up to but not exceeding £42,475) - £55 per week / £243 per month / £2915 per year
• Higher Rate Taxpayers (i.e. earning above £42,475 but less than £150,000) - £28 per week / £124 per month / £1484 per year
• Additional Rate Taxpayers (i.e. earning above £150,000) - £22 per week / £97 per month / £1166 per year

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Your Details

1. First Name*
2. Last Name*
3. Age*

Your Employment

1. My salary is paid*Annually Monthly Weekly
2. and I receive (gross amount)*

   i.e. your salary before any deductions. Numbers Only

3. My weekly contracted hours are*

   Numbers only

4. I pay National Insurance at the*Contracted In Rate Contracted Out Rate

Salary Sacrifice

1. I receive Childcare Vouchers*Annually Monthly Weekly
2. and the amount received is*

   Refer to the voucher limits above

3. Security Image

   Please enter the two words shown in the image.

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Important: The illustration provided is calculated in good faith and based on the information you supply and current rates. The estimate should only be used to gauge the potential savings you could make if you were to use Childcare Vouchers to pay for your childcare. Choosing to receive Childcare Vouchers as part of a Salary Sacrifice may adversely affect your entitlement to Tax Credits. We therefore strongly advise you to consult the official HMRC 'Better Off' Calculator to compare Tax Credits and Childcare Vouchers.